UBS: how to trade GBP/USD?
Trade idea: Buy GBP/USD on dips to $1.6075/70 with a stop below $1.6040 and a target at 1.6150
According to analysts, the $1.5950-40 support seems to be strong. It pushes the pair back above $1.6100 as the US dollar seeks for correction.
They recommend watching the next resistance at $1.6161 ahead of $1.6210.
Chart. H4 GBP/USD